Amount of Post-Employment Bonus. The Company shall pay to Executive an amount equal to the product of 1.5 times the amount of the average of the last two full years bonuses paid to Executive based on the actual performance of the Company. Such amount shall be paid on the date such next bonus is paid to similarly situated executives after the Termination Date.
Appears in 6 contracts
Samples: Executive Agreement (Penn National Gaming Inc), Executive Agreement (Penn National Gaming Inc), Executive Agreement (Penn National Gaming Inc)
Amount of Post-Employment Bonus. The Company shall pay to Executive an amount equal to the product of 1.5 times the amount of the average of the last two full years bonuses annual cash bonus compensation that would have been paid to Executive based on the actual performance of the CompanyCompany for the calendar year in which the Termination Date occurred. Such amount shall be paid on the date such next bonus is paid to similarly situated executives after executives, which shall occur during the calendar year following the calendar year in which the Termination DateDate occurred.
Appears in 4 contracts
Samples: Executive Agreement (Penn National Gaming Inc), Executive Agreement (Penn National Gaming Inc), Executive Agreement (Penn National Gaming Inc)
Amount of Post-Employment Bonus. The In addition to the Post-Employment Base Salary provided under Section 5(a) above, and subject to Section 5(e), the Company shall pay to Executive an amount equal to the product of 1.5 times the amount of the average of the last two full years bonuses paid to Executive based on the actual performance of the Company. Such amount paid to Executive under this Section 5(b) shall be paid on the date such next bonus is annual bonuses are paid to similarly similarly-situated executives after the Termination Date.
Appears in 3 contracts
Samples: Executive Agreement (PENN Entertainment, Inc.), Executive Agreement (PENN Entertainment, Inc.), Executive Agreement (Penn National Gaming Inc)
Amount of Post-Employment Bonus. The In addition to the Post-Employment Base Salary provided under Section 4(a) above, and subject to Section 4(e), the Company shall pay to Executive an amount equal to the product of 1.5 times the amount of the average of the last two full years bonuses paid to Executive based on the actual performance of the Company. Such amount paid to Executive under this Section 4(b) shall be paid on the date such next bonus is annual bonuses are paid to similarly similarly-situated executives after the Termination Date.
Appears in 2 contracts
Samples: Executive Agreement (Penn National Gaming Inc), Executive Agreement (Penn National Gaming Inc)
Amount of Post-Employment Bonus. The Company shall pay to Executive an amount equal to the product of 1.5 times the amount of the average of the last two full years bonuses annual cash bonus compensation that would have been paid to Executive based on the actual performance of the Company. Such amount shall be paid on Company for the date such next bonus is paid to similarly situated executives after calendar year in which the Termination DateDate occurred.
Appears in 2 contracts
Samples: Employment Agreement (Penn National Gaming Inc), Employment Agreement (Penn National Gaming Inc)
Amount of Post-Employment Bonus. The Company shall pay to Executive an amount equal to the product of 1.5 times the targeted amount of an annual cash bonus, at the average of the last two full years bonuses paid to Executive based rate in effect on the actual performance of the CompanyTermination Date. Such amount shall be paid on the date such next bonus is paid to similarly situated executives after the Termination Date.β
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Amount of Post-Employment Bonus. The Company shall pay to Executive an amount equal to the product of 1.5 2.0 times the amount of the average of the last two full years bonuses annual cash bonus compensation that would have been paid to Executive based on the actual performance of the Company. Such amount shall be paid on Company for the date such next bonus is paid to similarly situated executives after calendar year in which the Termination DateDate occurred.
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